Read the article. It turns out that when the recession was worst in the UK, far fewer people were earning seven figures. The number of people making at least seven figures has since rebounded while taxes have remained the same, but forget about that because it doesn't tell the story Rupert wants (this is one of his flagship papers).

Read the article. It turns out that when the recession was worst in the UK, far fewer people were earning seven figures. The number of people making at least seven figures has since rebounded while taxes have remained the same, but forget about that because it doesn't tell the story Rupert wants (this is one of his flagship papers).

The Smellograph is a right wing propaganda rag, but it doesn't belong to Murdoch. You might be thinking of the Sun and the London Times.

Read the article. It turns out that when the recession was worst in the UK, far fewer people were earning seven figures. The number of people making at least seven figures has since rebounded while taxes have remained the same, but forget about that because it doesn't tell the story Rupert wants (this is one of his flagship papers).

Huh?

FTA: "However, the number of million-pound earners is still far below the level recorded even at the height of the recession and financial crisis. "

Been working and paying a large chunk of my salary in tax and NI since I was 17, chum. Which is more than most of these rich coonts can say, most of whom owe their wealth to being born into the privileged classes and who use the loopholes and tax havens provided for them to avoid paying their share.

Been working and paying a large chunk of my salary in tax and NI since I was 17, chum. Which is more than most of these rich coonts can say, most of whom owe their wealth to being born into the privileged classes and who use the loopholes and tax havens provided for them to avoid paying their share.

Sorry your Lordship but you are clueless. "The privileged class", really.

There is no real reason ANYONE should be forced to pay a 50% tax on anything. That's not taxation - that's outright theft of income. What governments need to do, but will not, is live within their budgets and means.

In the United States, our tax monies go into fruitless military expenditures, high pensions and lavish lifestyles of many people on the government's dole, while our roads, dams, and infrastructure are falling into disrepair.

So, back when you couldn't get $8/hr at Best Buy, fast food was paying $6.50/hr, K-mart you could get $7.50... Wal-Mart was paying cashiers and backroom stock boys $11/hr and benefits. Wal-Mart always had the best retail wages, but everyone complains they don't pay a decent wage. WTF?

Read the article. It turns out that when the recession was worst in the UK, far fewer people were earning seven figures. The number of people making at least seven figures has since rebounded while taxes have remained the same, but forget about that because it doesn't tell the story Rupert wants (this is one of his flagship papers).

Huh?

FTA: "However, the number of million-pound earners is still far below the level recorded even at the height of the recession and financial crisis. "

The numbers have been climbing back since their economy hit rock bottom. Did I miss something else?

Dadoody:There is no real reason ANYONE should be forced to pay a 50% tax on anything. That's not taxation - that's outright theft of income. What governments need to do, but will not, is live within their budgets and means.

Stop it. The difference between taxation and theft is that you don't get to elect representatives to the Thieves Guild to tell them how much to steal from you, much less contribute to their elections and try to influence their outcomes. You also don't get to tell those representatives what to do with that money.

Come to think of it, the Thieves Guild should really be more transparent.

Here in Maryland our Dear Leader O'Malley passed a special millionaires tax in the hopes of raising an additional $1 bil. of revenue. He forgot to build a wall around the state and as a result he ended up losing $1 bil of revenue with a stroke of his pen. He has since redefined "millionaire" to mean $500k. Eventually in MD you will only need to earn $100k per family to be evil rich in his eyes.

/btw//This farking babbling economic idiot///Is who so called progressives plan to have as our next president.

Let them leave and be glad they're gone. Have them take all their schitt too. Believe me, the rich currently do not contribute to the world in almost any sense. Their money has already left long before the people that own it left.

They're clogging our roads with their delivery trucks, they're taking our shared natural resources for their own personal profit, they're polluting our water and air with their chemical effluent.

onyxruby:Flat tax 20 regardless of income source. No penalty for success, fair for everyone.

Except that that's not fair for everyone, because there's a difference between taxing someone's grocery/rent/electricity money and taxing disposable income. Progressive taxation is the only system that can take into account externalities and the increased benefit the wealthy receive from the social contract.

This is why you change income/capital gains taxes such that they come off the top at the source; employers have to dock the income tax automatically, or investors have to pay capital gains tax on the dividends they pay out.

Then it doesn't matter WHERE the bastards are. If they invest in any company in Britain, or are in any British company's employ, they're taxed.

And to prevent those companies moving overseas to more tax-friendly nations, you impose tariffs on their goods and services that are even higher.

If the market will generate a reduced profit, they'll suck it up and accept it. That's why pharmaceutical companies still do business in Canada, even though we lobby and legislate for significantly lower price points than American insurance companies do. Sure, they can sell the same pill for 3x the price south of the border, but they still sell them here, because they still make some profit.

Read the article. It turns out that when the recession was worst in the UK, far fewer people were earning seven figures. The number of people making at least seven figures has since rebounded while taxes have remained the same, but forget about that because it doesn't tell the story Rupert wants (this is one of his flagship papers).

Huh?

FTA: "However, the number of million-pound earners is still far below the level recorded even at the height of the recession and financial crisis. "

The numbers have been climbing back since their economy hit rock bottom. Did I miss something else?

It says the numbers at the worst point in the recession were higher than today. Yes they are climbing, but not even back to that level yet.

If they already shelter their money offshore Romney-style and pay a lower tax percentage than what is left of the middle class, then why would even want to harbor them? They contribute nothing, and they draw more public resources as they take advantage of every public service and bend it to their will. They're the very definition of "takers".